For all those with a keen interest in online trading and in testing their trading skills with other online investors worldwide, XM has recently launched the world-first revolutionary new online competition, the One Million Dollar Forex World Championship. The championship offers traders from virtually every spot of the globe the chance to compete for the biggest prizes ever in the history of forex.
Comprising as many as 12 rounds, the XM championship offers free registration for traders around the world. All those who enter the contest series can take part in one qualifying contest round each month, depending on their performance progress to the semi-final round, and even prove to be good enough to qualify for the final round.
Every contest round offers participants the chance to win part of the $50,000 monthly cash prize pool. Moreover, those who qualify among the very best traders and progress to the final round have the unique opportunity to win their share of the $500,000 prize pool. The grand finale will take place in Thailand, with all travel expenses covered by XM. Finally yet importantly, contestants are free to withdraw all cash prizes offered in any of the 12 competition rounds.
As registration is completely free for contest participants, the only condition to enter any of the qualifying rounds of the One Million Forex Championship is to have a validated live trading account with XM. All contest rounds take place on the XM Contest Arena platform, which offers an integrated user-friendly WebTrader platform to trade on. Contestants can trade on a leverage of 1:30 for major currency pairs and on a leverage of 1:15 for minors and commodities, such as gold or oil.
Entering the One Million Forex Championship at XM presents several advantages apart from the fact that traders can test their skills in a safe and risk-free trading environment. XM is a European Union registered financial institution licensed by CySEC and by FCA, where clients have the option to start trading with a minimum deposit as low as $5, invest in over 50 currency pairs, the most traded commodities, equity indices, precious metals and energies, with spreads as low as zero pips. The 8 different MT4-based trading platforms allow instant access to the global markets, and all trades are executed instantly, with no re-quotes or rejection of orders. Over 20 payments methods ensure instant and automatically processed funds deposits and withdrawals that fulfill all the major criteria of high-technology online banking.